Budgeting SUCKS!
If you’ve tried budgeting before and failed, don’t worry, most people have trouble sticking to a budget. I have never budgeted because I have always hated the idea of having to do the math for every purchase to figure out whether or not I could afford something.
You will not have to do that here. There is a way that you can set your savings up so that everything is done automatically. You won’t even notice the money is missing, and if you do, you will adapt to the difference very quickly. It only takes a small amount to save enough to make you rich in your retirement. Have the bank set up an automatic savings plan where your money is taken out of your check before you even get it, or on a weekly or montly schedule. Make sure the money is going into an account that you do not have easy access to. Before long you won’t even notice the money missing, you will enjoy watching that balance increase every month and the outcome will amaze you!
You may think that 10% of your income can’t amount to much, but over time, when compounding interest has had it’s way with it, it can become an fortune.
The best part about this plan is that you don’t notice any difference in your quality of life, yet this small change will have a huge impact later in life.
You might think that you won’t be able to get by on 10% less income. Experts say that anyone can find a way to put 10% of their money away. Think about all of the deductions made from your paycheck every month. It is a lot of money, yet you probably hardly even notice it now!
If you would like to find ways to free up more of your money, please refer to post on finding extra money (coming soon), to figure out ways to create more cash flow in your life.
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Pingback by Rebuilding Bad Credit - Free Credit Counseling in Canada | Foximus — May 8, 2007 @ 10:52 pm
This article made me ponder on my past expenses. I’ve summed them all up and found out that I can afford a new car. I get easily tempted to spend my paycheck whenever I receive it. I guess its time to open up a new bank account that is not easily accessible.
Comment by Heroin — May 22, 2007 @ 11:46 pm